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Audit Associates

Descriptions & Duties

  • Audit Associates conduct audit tests of various items in financial statements for small and medium-sized enterprises in accordance with audit plans and programmes based on the relevant auditing standards. They prepare work papers and schedules, and perform analytical review.

Generic Competencies

Physical Abilities

Physical abilities

  • Physical strength
  • Eye hand coordination / precision / dexterity

 

Importance:1 (Max:5) 

Skill is rarely required

 

Technology Skills

Technology skills

  • Computer literacy
  • Application of technology

 

Importance:4 (Max:5) 

Skill is frequently required

 

Cognitive Abilities

Cognitive abilities

  • Creativity
  • Visualisation
  • Logical thinking

 

Importance:3 (Max:5) 

Skill is basically required

 

Comprehension And Expression

Comprehension and expression skills

  • Reading comprehension
  • Oral / written expression

 

Importance:3 (Max:5) 

Skill is basically required

 

Social Skills

Social skills

  • Communication
  • Negotiation
  • Persuasion

 

Importance:3 (Max:5) 

Skill is basically required

 

Organisation And Execution Skills

Organisation and execution skills

  • Planning
  • Organising
  • Judgement
  • Decision making

 

Importance:3 (Max:5) 

Skill is basically required

 

Problem Solving Skills

Problem solving skills

  • Ability to solve simple and complex problems effectively and efficiently

 

Importance:3 (Max:5) 

Skill is basically required

 

Management Skills

Management skills

  • Leadership
  • Management of finance / time / people / other resources

 

Importance:2 (Max:5) 

Skill is occasionally required

 

Trade Specific Competencies

Computer skills

Audit Associates need basic computer skills. They must be good at using spreadsheets and bookkeeping software.

Detail oriented

Audit Associates are responsible for producing accurate financial records. They must pay attention to details to avoid making errors and to recognise errors that others have made.

Integrity

Audit Associates have control of an organisation's financial documentation, which they must use properly and keep confidential. It is vital that they keep records confidential.

Mathematics skills

Audit Associates deal with numbers daily and must be comfortable with basic arithmetic.

General Requirements

Academic qualification

  • typically have a certificate or a higher diploma in accounting

Career Path & Salary

Private Sector

Monthly Salary $15,000-$40,000

Monthly Salary $40,000-$70,000

Monthly Salary $50,000-$90,000

Monthly Salary $50,000-$140,000

Related Education & Training

Work Environment

  • Audit Associates work primarily in offices and sometimes conduct services at other offices, factories or warehouses for audit work or stock taking. They generally work regular office hours and may work additional hours to meet deadlines at the end of the fiscal year, during tax time or yearly accounting audits.

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